STARTUPS-

Teammates.ai bags funding, introduces AI agents: Dubai-based Teammates.ai secured an undisclosed funding round and introduced AI agents that handle entire job functions, according to a press release. Formerly Uktob.ai, it rebranded to focus on enterprise-grade solutions, including AI agents for tasks like inbox management and inside sales, supporting over 50 languages, including all Arabic dialects — a first in the Mena region.

About Teammates.ai: Founded in 2023, the platform has 400k users, partnerships with major UAE government entities, and recognition as one of the UAE’s Future 100 companies.

REAL ESTATE-

Sharjah’s new AED 3.5 bn residential landmark: Kuwait Real Estate Company (AQARAT) — in partnership with Boursa Kuwait-listed IFA Hotels and Resorts — launched the AED 3.5 bn Al Tay Hills project in Sharjah, according to Sharjah 24. The three-phase project spans 6 mn sq ft, featuring 1.1k villas and townhouses with 3 to 6 bedrooms, 11 km of walking and cycling paths, and a 2.5 km green river. The first phase will be delivered in 1Q 2028.

CUSTOMS-

Abu Dhabi Customs is introducing the Integrated Customs Operations System, a tech solution that uses artificial intelligence and predictive analytics to streamline customs and trade processes, Wam reports. Director General of the General Administration of Abu Dhabi Customs Rashed Lahej Al Mansoori met with CEO of Singapore-based CrimsonLogic to discuss implementing the system.

Details: The system offers 24/7 services, integrates with platforms like TAMM, ATLP, and blockchain initiatives, and includes features such as performance monitoring and advanced revenue management. The platform aims to boost efficiency, reduce costs, and support a sustainable, user-friendly business environment.

BANKING-

China’s CICC to set up shop in DIFC: Chinese investment bank China International Capital Corporation (CICC) secured a license to operate in the Dubai International Financial Centre (DIFC), Al Khaleej reports. The license allows CICC to arrange and advise on credit, financial products, and investment agreements, expanding financial services supporting cross-border activities, including trade and sustainable finance.

LOGISTICS-

Noatum and KMTF expand Caspian Sea operations: AD Ports Group’s Noatum Maritime inked an agreement with Kazakhstan National Shipping Company (KMTF), a KazMunayGas subsidiary, to expand operations in the Caspian Sea, Wam reports.

The plan:

  • New container ships: Two 500+ TEU vessels, custom-built for the Caspian, with advanced cargo handling tech to boost efficiency and capacity.
  • Upgraded transit systems: High-capacity ferries and terminal infrastructure to slash shipping times for Kazakh exporters and Middle Corridor players.
  • Tanker fleet boost: More ships for crude oil transport to strengthen Kazakhstan’s energy exports.

Background: AD Ports and KMG set up a joint venture back in 2022, dubbed the Caspian Integrated Maritime Solutions (CIMS). The JV facilitates the transportation of oil on the Caspian and Black seas, supporting CIMS’ fleet, and expanding client services to third parties.

LICENSING-

ADU grants Eoptima SAS exclusive global licensing rights to green oil recovery technology: Abu Dhabi University (ADU) and French energy solutions company Eoptima SAS signed an agreement granting Eoptima exclusive global licensing rights to ADU’s green oil recovery technology according to an Abu Dhabi Media Office statement.

What is green oil recovery technology: The patented technology, developed by Omar Chaalal from ADU’s College of Engineering, focuses on secondary and tertiary green water flooding of fractured oil reservoirs under high salinity and temperature conditions. This process aims to optimize oil recovery while minimizing environmental impact.

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